Bitcoin millionaires vanish as 7.5k addresses drop out in 2025 shakeout

Bitcoin lost 7,485 millionaire addresses in 2025 even as $10m+ wallets grew, signaling sharper wealth concentration despite strong ETF inflows and early‑year gains.
Summary

• Bitcoin millionaire addresses fell from 155,569 to 148,084 in 2025, erasing earlier gains and averaging a net loss of about 21 such wallets per day.
• Addresses with $10m+ in BTC rose from 15,319 to 16,368, pointing to intensifying on‑chain wealth concentration as mid‑tier holders thinned out.
• The shift came as Bitcoin ended 2025 below its highs despite strong ETF inflows and follows 2024’s surge of 56,325 new millionaire addresses.

The number of Bitcoin addresses holding at least $1 million declined by 7,485 in 2025, falling to 148,084 by year-end, according to Finbold’s 2025 Cryptocurrency Market Report released this week.

Bitcoin millionaires decrase

Bitcoin (BTC) millionaire addresses dropped from 155,569 on January 1 to 148,084 by December 31, 2025, even as spot Bitcoin exchange-traded funds attracted billions in inflows throughout the year, the report stated.

Addresses holding $10 million or more increased during the same period, rising from 15,319 to 16,368, according to the data. The figures suggest wealth concentration intensified as mid-tier millionaire wallets declined, Finbold reported.

The net loss equates to approximately 21 Bitcoin millionaire addresses disappearing per day over the year, according to the analysis.

A single individual can control multiple Bitcoin addresses, meaning wallet counts do not correspond one-to-one with unique individuals, the report noted. However, the trend offers a proxy for changes in on-chain wealth distribution, according to Finbold.

By the end of the third quarter 2025, Bitcoin had added a net 20,688 millionaire addresses year-to-date, driven by price momentum earlier in the year, the data showed. The final quarter saw a reversal that eliminated earlier gains and pushed the full-year figure into negative territory, according to the report.

The contraction occurred as Bitcoin remained embedded in institutional portfolios, Finbold stated. Bitcoin began 2025 trading near recent highs and ended the year lower, reflecting a net price decline despite sustained demand through regulated investment vehicles, the report said.

In 2024, Bitcoin added 56,325 new millionaire addresses, an average of 154 per day, according to Finbold’s previous data. The 2025 figures marked a shift in on-chain wealth dynamics, with larger holders increasing their footprint while smaller millionaire wallets exited, the report concluded.